MIRAGE, AUGUSTINE ROAD, MINSTER ON SEA, SHEERNESS, ME12 2LZ - £235,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MIRAGE is a midsized detached house of 121m², built sometime between 1983 and 1990. It was last sold for £235,000 in February 2014, which was around 16% below the average February 2014 detached price in the Swale local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

MIRAGE Sold Prices

Land registry data shows two sales for MIRAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. One of the two MIRAGE sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 17 FEB	£235,000	£278,957	16% below HPI
1998 26 FEB	£105,000	£97,281	8% above HPI

MIRAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The two MIRAGE sales from February 1998 and February 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1998 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2014 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is MIRAGE?

MIRAGE is 121m² according to the EPC inspection conducted in October 2013. This puts it in the largest 50% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where MIRAGE lies on this distribution: 58% of detached houses are smaller than MIRAGE, and 41% of houses are larger. Note that EPC data is not available for all properties in Minster.

MIRAGE: Plot and Title Map

MIRAGE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of MIRAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MIRAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MIRAGE?

MIRAGE is located on AUGUSTINE ROAD in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of MIRAGE on AUGUSTINE ROAD.